Global Synthetic Fur Market By Product Type (Vests, Jacket, and Other Product Types), By Material Type (Pure Acrylic, Pure Polyester, Acrylic & Acrylic Blends, and Polyester & Polyester Blends), By Style (Solid Pattern, Animal Pattern), By Application (Apparel, Upholstery Home & Textiles, and Other Applications), By End-User, By Sales Channel, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The Global Synthetic Fur Market size is expected to be worth around USD 776.7 Million by 2032 from USD 341.3 Million in 2022, growing at a CAGR of 8.80% during the forecast period from 2023 to 2032.

Synthetic fur is a type of fabric or material made to resemble real animal fur but is created using man-made fibers such as acrylic, polyester, or modacrylic. These fibers are designed to imitate the look and feel of natural fur without the need to use real animal pelts.

Polymer technology is used in the manufacturing of artificial fur which is very exact and similar to natural fur. The market revenue estimates may also include products for various industries, such as toys, costumes, and theatrical props.

Actual Numbers Might Vary in the Final Report

Driving Factors

Fashion Trends and Designers’ Influence in This Market

The global synthetic fur market has been experiencing significant growth, driven by various key factors. One of the primary driving forces behind this expansion is the rising consumer awareness and demand for ethical and sustainable fashion choices.

As more individuals become conscious of animal welfare issues and environmental concerns, they seek alternatives to real animal fur, turning to synthetic fur products as a cruelty-free and eco-friendly option. Fashion trends also play a crucial role in fueling the growth of the synthetic fur market.

Designers & brands have embraced synthetic fur in their collections, making it a stylish choice for consumers. The versatility of synthetic fur materials allows designers to make a vast range of designs and patterns, catering to different tastes and preferences.

Synthetic fur is generally more affordable than real fur, making it accessible to a broader range of consumers. The competitive pricing of synthetic fur products has made them an attractive option for individuals looking for luxurious aesthetics without the premium price tag.

Restraining Factors

Perceived Quality Gap and Competition from Natural and Sustainable Alternatives

Despite significant improvements in the quality of synthetic fur, there is still a lingering perception among some consumers that real fur is superior in terms of look, feel, and warmth. Overcoming this perception and convincing traditional fur buyers to shift to synthetic fiber alternatives can be challenging.

As the demand for ethical and sustainable fashion rises, other eco-friendly materials like organic cotton, hemp, and recycled materials compete with synthetic fur. Consumers may choose these alternatives over synthetic fur, impacting the market ever ever-rising demand.

Proper recycling and disposal of synthetic fur products can be complex and challenging, given that they are made from synthetic materials. The accumulation of synthetic fur waste can contribute to environmental issues related to plastic pollution.

While synthetic fur offers versatility in design, there may still be limitations in replicating certain natural fur patterns and textures. Innovations in synthetic fur production are necessary to meet diverse consumer preferences.

Growth Opportunities

The synthetic fur market opportunity presents a promising market growth rate and opportunity for businesses in various industries. As consumers become increasingly conscious of animal welfare, sustainability, and environmental impact, the growth in demand for cruelty-free and eco-friendly alternatives has surged.

Synthetic fur emerges as a viable solution, offering a luxurious and fashionable material without using animal pelts. This growing trend toward ethical and sustainable fashion creates a vast potential for companies to capitalize on the rising consumer preference for faux fur products.

The growth opportunity in the synthetic fur market drivers is not limited to the fashion industry. Upholstery and home textiles have also witnessed an increasing consumer demand for faux fur as consumers seek to add warmth, comfort, and luxury to their living spaces.

Additionally, synthetic fur finds applications in other sectors such as toys, pet products, and automotive interiors, indicating a potential for expansion into various niche markets.

Latest Trends

Innovations in textile technological advancements remained a market-specific key driver in the market segmentation, with apparel manufacturers striving to create faux fur product launches that closely resembled real fur in terms of texture, softness, and appearance.

The goal was to offer consumers high-quality and realistic alternatives that could rival genuine fur while eliminating ethical concerns. Personalization and customization were also becoming prevalent trends in the synthetic fur market.

Brands started offering bespoke faux fur items, allowing customers to choose colors, patterns, and styles to match their preferences. This trend tapped into the growing desire for individuality and unique fashion pieces. The digital entire market landscape played a significant role in promoting synthetic fur products, with brands leveraging e-commerce platforms and social networking platforms to reach a wider audience.

By Product Type Analysis

Vests Product Type is Expected to Dominate This Market

Based on product portfolio type, the market for synthetic fur is classified into vests, jackets, and other product types. The Vests Segment is dominating the market share with 41% of the market share.

Owing to a combination of external factors that make them highly sought after by consumers. One of the primary reasons for their popularity is the inherent sense of elegance and luxury they bring to any ensemble.

The soft and plush texture of synthetic fur gives these garments a sophisticated allure, making them the go-to choice for formal occasions and special events. Their ability to transform an outfit and instantly elevate the wearer’s style has solidified their position as statement pieces in the fashion world.

By Material Type Analysis

Acrylic Polymer Is Anticipated to Grow at A Substantial Rate in The Forecast Period

This market is divided into Pure acrylic, pure polyester, acrylic &acrylic blends, and polyester & polyester blends according to the material type.

Due to its superior heat resistance, durability, and lightweight compared to the other three polymers, acrylic material is the most often utilized raw material for the creation of artificial fur products.

By Style Analysis

Animal Pattern Style Dominate This Market

Based on the style, the market for synthetic fur is classified into solid patterns and animal patterns. Animal pattern style dominates in the market Owing to its unique and captivating appeal that resonates with consumers.

These bold and striking designs mimic the patterns found in the fur of wild animals, adding an exotic and luxurious touch to fashion ensembles.

The fashion industry’s fascination with animal patterns has led to their widespread presence on runways, in high-end collections, and on the red carpet, influencing consumer preferences and creating a sense of desirability.

By Application Analysis

Apparel Applications is Expected to Dominate This Market

Apparel applications were the largest in the market globally, with a revenue share of more than 46% in the year 2022, The fashion inputs from industry experts have been quick to embrace synthetic fur as a cruelty-free and sustainable alternative to real fur, meeting the growing demand from conscious consumers.

Designers and fashion houses have integrated faux fur into their collections, allowing them to create luxurious and stylish pieces without compromising on ethics. Synthetic fur’s ability to mimic the appearance and texture of real fur, combined with its versatility in design and manufacturing, has further solidified its position as a dominant material in apparel.

By End-User Analysis

Women End-User Dominate in This Market

The fashion industry has long recognized the appeal of faux fur among women, and designers have been the quickest to incorporate it into their collections, offering a vast array of styles and designs to cater to diverse tastes. Faux fur has become a popular choice for women’s apparel, with coats, jackets, and accessories like hats, scarves, and handbags frequently featuring the luxurious material.

By Sales Channel Analysis

The online sales channel has been experiencing significant growth and popularity in recent years. E-commerce platforms, fashion websites, and online marketplaces have become important outlets for selling synthetic fur products. Consumers appreciate the convenience of shopping online, with the ability to browse through a wide range of options, compare prices, and read reviews from other buyers.

Global Synthetic Fur Market Key Segmentation:

Based on Product Type

• Vests
• Jacket
• Other Product Types

Based on the Material Type

• Pure Polyester
• Pure Acrylic
• Acrylic and acrylic blends
• Polyester & Polyester Blends

Based on Style

• Solid Pattern
• Animal Pattern

Based on Application

• Apparel
• Upholstery & Home Textiles
• Other Applications

Based on End-User

• Men
• Kids
• Women

Based on the Sales Channel

• Online
• Offline

COVID-19 Impact

The outbreak of the virus and subsequent measures to control its spread, such as lockdowns, travel restrictions, and social distancing guidelines, disrupted supply chains and manufacturing operations worldwide.

This led to delays in the production and distribution of synthetic fur products, causing inventory shortages and affecting market demand. Many people faced financial uncertainty, which impacted their willingness to purchase luxury and fashion items like synthetic fur products.

As a result, the market experienced a decline in sales during the initial stages of the pandemic. The closure of physical retail stores and the shift towards online shopping further changed consumer behavior.

Furthermore, the pandemic’s impact on fashion trends influenced the demand for synthetic fur products. With more people working from home and social events being limited, the need for fashionable outerwear and accessories, including synthetic fur coats and scarves, decreased.

Regional Analysis

North America dominated the global market in terms of revenue share in 2022, with more than 30%. The region is expected to remain dominant throughout the forecast time. This is due to The primary major factor contributing to North America’s dominance is the region’s growing awareness and emphasis on ethical and sustainable fashion apparel.

Consumers in the United States and Canada in individual, have shown the strongest preference for cruelty-free alternatives to real fur, driving the demand for synthetic fur products. North America’s fashion industry has been at the forefront of adopting and promoting eco-friendly and socially responsible practices.

Numerous high-profile fashion brands, designers, and retailers have integrated synthetic fur into their collections, showcasing a vast range of luxurious and stylish faux fur items.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia & CIS
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • United Arab Emirates

Market Share & Key Players Analysis

The global Synthetic Fur Market is extremely dynamic. All major companies are trying to increase their market share. Ambassador Textiles Ltd., Bartfeld, and DealTask Pty Ltd. are major market players across the globe.

Market Key Major Players:

• Ambassador Textiles Ltd.
• Aono Pile Co. Ltd.
• Bartfeld
• DealTask Pty Ltd.
• ECOPEL
• EZ Fabric
• JiangSu Unitex Co. Ltd.
• Kolunsag Muflon Sanayi Ltd.
• Nanjing Eastsun Textiles Co. Ltd.
• Pahwa Fur Fabrics Pvt. Ltd.
• Sommers Plastic Products
• TEXFACTOR TEXTILES
• Other Key Players

Report Scope: